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Jan 23, 2010
01/10
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bernanke. caller: because why are we talking about bernanke instead of chris cox? this guy's been going through it right about now. chris cox started this. chris cox's signature is on most of these approved shenanigans and the rolling back of our regulations. all the sudden regulation is a bad thing for banks. but in our everyday lives we work with this. in congress, we deal with this. and also, one more thing, because i know you can only call every 30 days, i understand. what you're going see, you're going see a dynamic switch. no longer will politicians, democrat or republican, be able to scream and carry the banner for pop you're lism, because now the coffers are open. and now you're going see which side will they choose. i began you they're going to go guys who write checks all alone. host: boca raton, florida, is our last caller, independent line. lee, go ahead. pushed the wrong button, sbore that. lee on boca raton, go ahead. caller: yes. hello. can you hear me? host: yes, i can, thank you. caller: good. i have been an independent since right after the 2000 e
bernanke. caller: because why are we talking about bernanke instead of chris cox? this guy's been going through it right about now. chris cox started this. chris cox's signature is on most of these approved shenanigans and the rolling back of our regulations. all the sudden regulation is a bad thing for banks. but in our everyday lives we work with this. in congress, we deal with this. and also, one more thing, because i know you can only call every 30 days, i understand. what you're going see,...
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Jan 22, 2010
01/10
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CNBC
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china, bernanke and the banks. and remember, david, as you well know, people stopped shorting in the middle of last year, because they got killed trying to short because every time they tried, they got snuffed. now they can smell with this kind of rise in uncertainty earnings you could see that in the vix today, that it may be worthwhile, david, for them to throw in a few more bucks to shorting the market. a very rational thing for traders to think right now. >> david, bob, tyler. we've got steve liesman ready now. he's been at the center of the bernanke story weeks now. the latest details on bernanke's future, you've been working the phones there, as far as senators and what they're going to do regarding bernanke. what do you know, steve? >> reporter: maria, me and a very capable staff here at cnbc, what i know maria, is you need less than both fingers both -- all of the fingers on both hands to count the number of days bernanke has remaining, it is nine. and questions are swirling around washington, wall street a
china, bernanke and the banks. and remember, david, as you well know, people stopped shorting in the middle of last year, because they got killed trying to short because every time they tried, they got snuffed. now they can smell with this kind of rise in uncertainty earnings you could see that in the vix today, that it may be worthwhile, david, for them to throw in a few more bucks to shorting the market. a very rational thing for traders to think right now. >> david, bob, tyler. we've...
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Jan 23, 2010
01/10
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built into 15 chevy models. >>> bernanke or not bernanke, that's the question. we've got peter navera. gentlemen, this has to be lightning round. as fast as you can say ben bernanke might be out of a job. let me get your lightning defense. >> well, what i think we're looking at is populism run amuck. i mean take bernanke, tim geithner, hank paulson, the counter parts around the world. look at what was happening in the latter part of 2008 and realize we were heading over the edge of the precibous into the as by. now that we're on the way to recovery, we want to throw this guy out? let me tell you what worries me. i'm wondering about foreign investors who are looking at the congress and the administration, flailing around, getting nothing done and deciding to throw out the guy who saved the world. >> all right. >> they're going to ask themselves whether we've lost our mind. >> peter, if i break the window and come back and fix it, that doesn't seem like -- >> that's the first strike. he caused the bubble as he was on the fed as governor and then as the chairman. s
built into 15 chevy models. >>> bernanke or not bernanke, that's the question. we've got peter navera. gentlemen, this has to be lightning round. as fast as you can say ben bernanke might be out of a job. let me get your lightning defense. >> well, what i think we're looking at is populism run amuck. i mean take bernanke, tim geithner, hank paulson, the counter parts around the world. look at what was happening in the latter part of 2008 and realize we were heading over the edge...
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Jan 16, 2010
01/10
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bernanke talks about deflation. really, from the moment he aches up he starts to worry about depression and deflation because his academic thesis was written about the great depression of the 190s. is he bronx? what did you gather from the cpi today? up 2.7%? >> that doesn't sound like deflation to me and negative real rates aren't the best thing for the stock market. i'll take the one-year treasury which is about .4% and it's attractive at 2.7% and i getity negative number but i want to talk about the market. we're hopefully exiting the great recession. and it's worse than the recession in 1983. when unemployment was 10%. in 1983, you had taxes that were formed. you had interest rates that were falling. the fed funds rate went from 15% to 6% in just three years. and if you're not -- you're not going to have the tail wind like you had in the early '80s. >> irrelevant's going higher. interest rates are headed higher and inflation is headed higher and taxes are headed higher. >> let me cross-examine you. >> please, do
bernanke talks about deflation. really, from the moment he aches up he starts to worry about depression and deflation because his academic thesis was written about the great depression of the 190s. is he bronx? what did you gather from the cpi today? up 2.7%? >> that doesn't sound like deflation to me and negative real rates aren't the best thing for the stock market. i'll take the one-year treasury which is about .4% and it's attractive at 2.7% and i getity negative number but i want to...
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Jan 22, 2010
01/10
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fed chairman ben bernanke. senate leader shp telling cnbc that they're still gauging bernanke's support in the caucuses. the concern there, they had previously said they think they thoughey
fed chairman ben bernanke. senate leader shp telling cnbc that they're still gauging bernanke's support in the caucuses. the concern there, they had previously said they think they thoughey
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investors are paying attention to what fed chairman ben bernanke told "6minutes." he said the fed could pump more money into the financial system if the economy fails to respond. bernanke says it could be several years before the unemploymentate comes down to, quote, more normal levels. so between 5% and 6%. top lawmakers are optimistic they can extend the bush t cuts and it cou include extending jobless benefits. democratic measures to extend tax cuts for all but the wealthiest people iled in the senate this weekend. that was expected. repuicans dismissed that move as a political stunt. well, the trustee overseeing the liquidation of bernie madoff's investments is suing bank hsbc and its feeder fund for at least $9 billion, trying to recover that mey for victims. suit claims hsbc steed billions of dollars in madoff's investment schemes while ignoring several warnings, including someone from kpmg who was engaging in fraud. >> thanks, courtney. see you tomorrow. >>> our time right now 11:47. coming up, the kennedy center honors, plus meteorologist tom kierein will b
investors are paying attention to what fed chairman ben bernanke told "6minutes." he said the fed could pump more money into the financial system if the economy fails to respond. bernanke says it could be several years before the unemploymentate comes down to, quote, more normal levels. so between 5% and 6%. top lawmakers are optimistic they can extend the bush t cuts and it cou include extending jobless benefits. democratic measures to extend tax cuts for all but the wealthiest...
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Aug 27, 2010
08/10
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what is wrong with what bernanke is saying? what's wrong with making the federal reserve the provider of home lending and targeting interest rates? >> well, i think people have forgotten currencies didn't used to be 100% paper. in the old days as recently as 1971 there was a form of gold backing the dollar. the dollar got into trouble in the '70s. volcar changed the landscape and practiced monitorism. he essentially had a seat of the pants version of the gold standard. since greenspan was under control, all we did was print more money. we printed more money and had a debt-inspired real estate bubble. the outcome we're experiencing is completely preordained. now the fed is doing the only thing it knows how to do, is print money. let's guess what's going to happen. they don't know what's going to happen. the you willy nilly increase the amount of paper, the value of the paper has to go down in value. house prices still tank. two big things aren't going up in price. people are confused. >> if you were to look at what is getting su
what is wrong with what bernanke is saying? what's wrong with making the federal reserve the provider of home lending and targeting interest rates? >> well, i think people have forgotten currencies didn't used to be 100% paper. in the old days as recently as 1971 there was a form of gold backing the dollar. the dollar got into trouble in the '70s. volcar changed the landscape and practiced monitorism. he essentially had a seat of the pants version of the gold standard. since greenspan was...
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Jan 13, 2010
01/10
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bernanke called you? has he called you out there and said, well, hi, john, it's ben, and, you know, john, my speech down in atlanta was so badly received and there's such great support for the taylor rule rule, that i apologize and i'm never going to depart from the taylor rule rule again? has he made that phone call? >> not yet. not yet. >> does he have your number? >> well, you know, i think the best thing is, let me just say seriously, the fact that he gave the speech, and the fed has issued working papers, isn't that a good sign they're out there in public discussing this? so we can debate it, and the financial crisis commission can do it -- i just hope they do more of this. the aig bailouts, mortgagebacked purchase program, et cetera. let's be positive about the fact that there's discussion going on. >> i think that's great. and again, it's so interesting to me that the reaction to this debate from, as i said, left of center and right of center, is so uniformly in favor of your taylor rule rule, that
bernanke called you? has he called you out there and said, well, hi, john, it's ben, and, you know, john, my speech down in atlanta was so badly received and there's such great support for the taylor rule rule, that i apologize and i'm never going to depart from the taylor rule rule again? has he made that phone call? >> not yet. not yet. >> does he have your number? >> well, you know, i think the best thing is, let me just say seriously, the fact that he gave the speech, and...
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Jan 25, 2010
01/10
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and that was greenspan's fed but bernanke was there and bernanke defends that to this day. he has never said, you know, maybe we got it wrong, maybe we made a mistake. he has mounted this debate about that. the bailouts and the aig bailout where a lot of money flowed through to other firms that really didn't seem to need it and that's when we heard about goldman sachs, merrill lynch, something like $60 billion. in addition -- that's in addition to all the money they got from t.a.r.p. and the banker bailouts. he has never really explained why he did it that way and whether he thinks that maybe that's a mistake. honestly i think in hearings this week if he were to find a way to say maybe we overdid it a little bit, just a little one, i think might do it but he hasn't done that so far. >> well, by all accounts, though, he will be confirmed. >> not so sure. >> we don't know anything but the numbers indicate that he will be confirmed and you've got republican senator mitch mcconnell saying -- wouldn't say if he's going to vote for him. >> some democrats oppose and some support.
and that was greenspan's fed but bernanke was there and bernanke defends that to this day. he has never said, you know, maybe we got it wrong, maybe we made a mistake. he has mounted this debate about that. the bailouts and the aig bailout where a lot of money flowed through to other firms that really didn't seem to need it and that's when we heard about goldman sachs, merrill lynch, something like $60 billion. in addition -- that's in addition to all the money they got from t.a.r.p. and the...
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Jan 27, 2010
01/10
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bernanke's role in this. it may be that tim geithner recused himself because he was designated nominee to become the treasury secretary. but senator demint, i don't think anybody believes the new york fed could have possibly acted without the board of governors of the federal reserve in washington. that leads them to the road to ben bernanke. >> it is obvious ben bernanke knew what was going on with aig. i don't want to go any further than that. i should be able to. i should as a senator tell the american people what i know. until we can subpoena these records and do this in a legal way, i'm not going to say any more but ben bernanke was very involved in aig process. his board was clearly aware of it. as far as we can tell. you about i really can't get into the details. the fact that senators can't get this information without going over and actually getting on a computer at the federal reserve means that we need to open the federal reserve up so people can see what's -- >> that's the key point. i mean, someb
bernanke's role in this. it may be that tim geithner recused himself because he was designated nominee to become the treasury secretary. but senator demint, i don't think anybody believes the new york fed could have possibly acted without the board of governors of the federal reserve in washington. that leads them to the road to ben bernanke. >> it is obvious ben bernanke knew what was going on with aig. i don't want to go any further than that. i should be able to. i should as a senator...
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and fed chairman ben bernanke wi head to capitol hill on wednesday to possibly give some clues as to when the fed will raise rates. >>> well, toyota is expected to announce this week a recalllan to fix the brake problems on the latest model of its prius hybrid. reports say the automaker will recall 270,000 priuses in the u.s. and japan and another 30,000 vehicles shipped to about 60 other countries last year. toyota is also looking into two other hybrids, the lexus h-2250 and a model sold in japan that have the same brake system. >>> and john thain has landed a new job. cit has hired the former merrill lynch and new york stock exchange ceo as its new chief executive. he arrived to work bright and early today around 7:30 a.m. the commercial lender is still restructuring its business after a brief stay in bankruptcy protection in december. cit says it hired thain based on his experience turning around the nyse. i wonder if we'll see more of these people pop back into the financial atmosphere. >> something tells me we will. >> have a great day. >> thanks. >>> our time now is 11:49. more
and fed chairman ben bernanke wi head to capitol hill on wednesday to possibly give some clues as to when the fed will raise rates. >>> well, toyota is expected to announce this week a recalllan to fix the brake problems on the latest model of its prius hybrid. reports say the automaker will recall 270,000 priuses in the u.s. and japan and another 30,000 vehicles shipped to about 60 other countries last year. toyota is also looking into two other hybrids, the lexus h-2250 and a model...
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Feb 10, 2010
02/10
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bernanke got roughed up pretty good. is there a consensus to tighten fed policy unless the unemployment rate miraculously falls by 1 p 1.5 percentage points. is there really a consensus, diane? >> no. that's the bottom line. the fed laid out important exit strategies and they're although the markets are reacting that it's sooner. the reality is they're not going do anything until the economy improves significantly more than where they're at. >> i think that's exactly right. >> thanks to all three of you for joining us. trish over to you. >> we have a market that's reacting and certainly bernanke's testimony has weighed on stocks today and then there's of course, the greek debt fear factor. are we due for a full blown correction? it's the bull versus bear debate coming up next, larry? >> something washington and wall street both have in common, a snowstorm wreaking havoc on the east coast. the business forecast and travel picture coming up only on "the call." we're doing snow, we're doing weather, we do it all. >>> hi, fo
bernanke got roughed up pretty good. is there a consensus to tighten fed policy unless the unemployment rate miraculously falls by 1 p 1.5 percentage points. is there really a consensus, diane? >> no. that's the bottom line. the fed laid out important exit strategies and they're although the markets are reacting that it's sooner. the reality is they're not going do anything until the economy improves significantly more than where they're at. >> i think that's exactly right. >>...
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Feb 10, 2010
02/10
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david, let's pivot to bernanke. we know a lot about the fed's exit strategy and what they plan to do. what do you expect to hear new today from the fed chairman? >> that's a good question, steve, because there was an article by john hillsenrath on the front page of monday's "journal" that seemed to move the markets and i didn't see anything new. they've outlined the three tools that can be used on the exit strategy, the reverse repos, the term deposit, asset sales. i don't think asset sales are at the top of the list. they're at the bottom. the market is clamoring for some information on the timing of the exit strategy. and that's what the fed is not yet prepared to give them. it's going to be data dependent. they're still saying it's several months off. i think that's correct. but i don't think we're going to hear anything new from bernanke this morning that changes the view on exit strategy. >> it becomes kind of almost a risk trade. can bernanke talk about exit strategy without tipping his hat as to when it might
david, let's pivot to bernanke. we know a lot about the fed's exit strategy and what they plan to do. what do you expect to hear new today from the fed chairman? >> that's a good question, steve, because there was an article by john hillsenrath on the front page of monday's "journal" that seemed to move the markets and i didn't see anything new. they've outlined the three tools that can be used on the exit strategy, the reverse repos, the term deposit, asset sales. i don't think...
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Jan 28, 2010
01/10
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bernanke is their guy. and wall street usually gets what they want. what makes me particularly sad is that the white house also pulled out all the stops in fighting for bernanke's reappointment. and that is just hard for people to understand, given the fact that bernanke was not only originally appointed by george bush gerb, but was a member of the bush administration. so there are a lot of forces at play in supporting bernanke. >> understood. the next step particularly on the matter of transparency from the fed? >> we're going to work very hard. to me, overwhelming, whether you're a right-winger or progressive as i am, the american people cannot understand how the fed can lend out trillions of dollars to large financial institutions, and we do not know the names of those organizations who received the money. we don't know the terms. that is unacceptable. equally important, in the midst of this severe recession, i hope that bernanke at least got some of the message that the american people want him to use the powers of the fed to help the middle class
bernanke is their guy. and wall street usually gets what they want. what makes me particularly sad is that the white house also pulled out all the stops in fighting for bernanke's reappointment. and that is just hard for people to understand, given the fact that bernanke was not only originally appointed by george bush gerb, but was a member of the bush administration. so there are a lot of forces at play in supporting bernanke. >> understood. the next step particularly on the matter of...
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May 10, 2010
05/10
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emergency weekend meetings, this time, no geithner, no bernanke. instead negerman chancellor merkel, french president sarkozy, in meetings, working the phones and in the wee hours of the morning, the europeans emerged with their own shock and awe bailout. and not a moment too soon. they realized that greece, drowning in debt, was already dragging down the global economy. and, like dominos, could bring down spain, portugal and italy with it. economists say this bold move will halt that domino effect in its tracks. the only question now, for how long? because this $1 trillion fix is dwarfed by the actual debt across the european union. >> this is great news. this is the biggest catch in the world. that fresh fish is going to be stinking up the docks by friday. >> reporter: economists warn this bailout simply buys times. now comes the hard part, ending the unchecked spending and borrowing. it's been a lesson on how european markets are now so connected to our own. the average american investor lost in their 401k last week because of worries over europ
emergency weekend meetings, this time, no geithner, no bernanke. instead negerman chancellor merkel, french president sarkozy, in meetings, working the phones and in the wee hours of the morning, the europeans emerged with their own shock and awe bailout. and not a moment too soon. they realized that greece, drowning in debt, was already dragging down the global economy. and, like dominos, could bring down spain, portugal and italy with it. economists say this bold move will halt that domino...
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Sep 2, 2010
09/10
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bernanke says if there's just one lesson to learn from the recent financial fiasco, it's the too big to fail issue must be resolved. >>> today we will learn the results of an independent having into pg&e's smart meters. this morning, the consultant hired to review those meters will have a meeting in san francisco. following that meeting, pg&e will make the results public. the independent audit of the smart meter program was ordered after many pg&e customers complained their rates skyrocketed after the new meters were installed. >>> a fascinating story that is a dream come through for hundreds of teachers and students all over california. the teachers had posted a wish list on the website called donors choose -- donors donorschoose.org. on tuesday, the executive director of the clair gioniti fund asked how much it would cost to pay for each teacher 'web list and then there was a check issued for $1.3 million. >> that's great. a lot of the supplies that the teachers need. a lot of it is paid out of their pocket. >>> if you are looking for a little happiness you may want to take a look
bernanke says if there's just one lesson to learn from the recent financial fiasco, it's the too big to fail issue must be resolved. >>> today we will learn the results of an independent having into pg&e's smart meters. this morning, the consultant hired to review those meters will have a meeting in san francisco. following that meeting, pg&e will make the results public. the independent audit of the smart meter program was ordered after many pg&e customers complained their...
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Oct 15, 2010
10/10
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. >> this morning ben bernanke said the fed is ready to provide more aid to then economy. les check in with consider nbc's courtney regan. >> reporter: good morning. right now the dow is down about 27 points but the nasdaq and the s&p are up. we have a mixed trading session here today. same situation overnight in asia and also in europe. just closed. we're seeing mixed results around t world. federal reserve chairman ben bernanke did speak at a conference in boston and caured investors ears. he was able to move futures higher ahead of the opening bell saying there's a case to be made to take action sooner than later. retail sales rose 0.6%. the increase was led by big ticket items. consumer price index edged higher. that core rate was unchanged. and general electric beat analyst asstimates by two cents. consumer confidence is a bit lower. walmart looking at opening some small stores in urban markets. they are trying to fightoff challenges from dollar stores and similar rivals. the stores will be about a third and largely sellgroceries. walmart plans to open 30 to 40 stores
. >> this morning ben bernanke said the fed is ready to provide more aid to then economy. les check in with consider nbc's courtney regan. >> reporter: good morning. right now the dow is down about 27 points but the nasdaq and the s&p are up. we have a mixed trading session here today. same situation overnight in asia and also in europe. just closed. we're seeing mixed results around t world. federal reserve chairman ben bernanke did speak at a conference in boston and caured...
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Jan 23, 2010
01/10
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FOXNEWS
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>> the top senate democrat is supporting bernanke saying bernanke has, quote, steer us away from a second economic depression. but reid says his support is not unconditional and that he will hold bernanke no the highest standards of quote, transparency and accountability. they have not set a vote for his second term. >> julie: molly henneberg, thanks very much. >> gregg: we're just getting word through the wire services that the president telephoned senators today and asked whether bernanke's renomination so track and he has been assured that the renomination is on track. let's bring in a staff writer for rolt call. 60 votes, is it really on track? i've been doing a little math here, i don't come up with 60 votes? >> this whole thing reminds me of animal house, where the guy looks around, don't worry, everything is all under control. is it under control? i don't know. we have had few liberal senators and democrats say that they are going to vote against bernanke. we've had a couple other republican senators they are going to vote against him. i don't think if the math is still there. you
>> the top senate democrat is supporting bernanke saying bernanke has, quote, steer us away from a second economic depression. but reid says his support is not unconditional and that he will hold bernanke no the highest standards of quote, transparency and accountability. they have not set a vote for his second term. >> julie: molly henneberg, thanks very much. >> gregg: we're just getting word through the wire services that the president telephoned senators today and asked...
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Jan 28, 2010
01/10
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some of that is really not a specific condemnation of the work that bernanke has done. for some it is about appearance and about the importance of turning the page, it's about trying to have a new set of leadership at the federal reserve at a time when so many americans are so upset about the economy, bailouts and all of the larger conditions. bernanke was not to long ago "time" man of the year and was not so long ago the choice of two presidents, george bush and barack obama. we expect a number of senators to talk about this today. those who support him say he has made good decisions and been a good steward at a time of crisis. if he were not confirmed, that could really be a problem on the markets, and there could be a severe reaction there. those are some of the ideas and emotions behind this today. t tamryn. >> thanks kelly. >>> a big political plow for the white house today the mayor of new york city is changing his stance on a chance to try the self-described mastermind of the september 11th attacks. the mayor is saying the trial should not be held in new york cit
some of that is really not a specific condemnation of the work that bernanke has done. for some it is about appearance and about the importance of turning the page, it's about trying to have a new set of leadership at the federal reserve at a time when so many americans are so upset about the economy, bailouts and all of the larger conditions. bernanke was not to long ago "time" man of the year and was not so long ago the choice of two presidents, george bush and barack obama. we...
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Jan 28, 2010
01/10
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and noon saturday. >>> it is judgment day for ben bernanke. the senate votes today on whether he will continue to be the chairman of the federal reserve. >> let's check in with cnbc's courtney reagan with more on that and the rest of the day's business headlines. >> right now we look over, the dow is down about 157 points. kind after surprise after we heard some relatively positive comments out of the fed yesterday. investors were cheered they kept interest rates at historic lows. however, after the state of the union there could be some uncertainty as to regulation and what's to come. europe is in positive territory. we got data today, first time claims for jobless benefits fell by 8,000 last week to 470,000. dow component procter & gamble and 3m both reported quarterly earnings that beat estimates while ford was had a yearly profit, first time in four years. >>> toyota is expanding the u.s. recall involving floor mats holding down gauwn gags pedas p another is million vehicles and recalling some vehicles in europe for the same issue and halt
and noon saturday. >>> it is judgment day for ben bernanke. the senate votes today on whether he will continue to be the chairman of the federal reserve. >> let's check in with cnbc's courtney reagan with more on that and the rest of the day's business headlines. >> right now we look over, the dow is down about 157 points. kind after surprise after we heard some relatively positive comments out of the fed yesterday. investors were cheered they kept interest rates at...
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Jan 22, 2010
01/10
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bernanke whose term is officially up at the end of this month. then there's the treasury secretary, tim geithner, who remains the keeper of secrets. again, he is the one with the authority over the aig e-mails, and the provider of back door bailouts. again, those documents and the 100 cents on the dollar passed through from aig into the shadow banking system. under fresh scrutiny for his role in the new york fed's decision to funnel billions through aig and big banks and ongoing refusal to reveal that e-mail trail which could show why the fed had to do it. and the last in the trifecta is a man that i like to call the high priest of financial deregulation, larry summers. he was treasury secretary under president clinton, and summers, one of the key architects of the bank rule changes, incentivizing the risk taking that mr. stiglets was talking about in his testimony earlier today. those policies remain unchecked to this day, despite a various list of proposals. mr. feinberg just referenced to alter it. in my view, the buck stops with these three m
bernanke whose term is officially up at the end of this month. then there's the treasury secretary, tim geithner, who remains the keeper of secrets. again, he is the one with the authority over the aig e-mails, and the provider of back door bailouts. again, those documents and the 100 cents on the dollar passed through from aig into the shadow banking system. under fresh scrutiny for his role in the new york fed's decision to funnel billions through aig and big banks and ongoing refusal to...
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Jan 25, 2010
01/10
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and republican leaders sabbey bernanke has eno votes. i think the market is hoping that will be a smooth transition. we saw a little bit of bumpy trading when there was uncertainty about that last week. back to you. >> courtney, thank you. >> thank you. >> see you in the morning. >>> the 2010 winter games are less than two weeks away now and the olympic figure skating team has been finalized. officials named the team after the national championship wrapped up in spokane, washington. nbc's leanne gregg has details. >> reporter: a solid performance by 17-year-old rachael flat, known for her consistency, won the national championship, a spot on the olympic team, and brought down the house. >> it was a great program. i'm very excited with how things went. >> reporter: behind flat in second place, 16-year-old ma ryena was also named to the olympic team. >> i feel that even though we're young, we have our big dreams to lead us on and that's what motivates us. and hopefully we can represent the u.s. well at the olympics. >> reporter: all eyes w
and republican leaders sabbey bernanke has eno votes. i think the market is hoping that will be a smooth transition. we saw a little bit of bumpy trading when there was uncertainty about that last week. back to you. >> courtney, thank you. >> thank you. >> see you in the morning. >>> the 2010 winter games are less than two weeks away now and the olympic figure skating team has been finalized. officials named the team after the national championship wrapped up in...
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Aug 27, 2010
08/10
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WJZ
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in a speech watched closely by wall street, federal reserve chairman ben bernanke said the fed is ready to take action if necessary. anthony mason is here now with more about that. anthony? >> reporter: erica, bernanke did not forecast another recession, but he did acknowledge the economy is slowing. at an economic conference in jackson hole, wyoming, the fed chairman said the recovery is on fragile footing. the economy, he said, remains vulnerable to unexpected developments. >> with growth so weak and confidence so fragile, we are very vulnerable to anything else that could go wrong. if anything does, we will be back in recession. >> reporter: bernanke's promise of fed support rallied the markets. the dow gained more than 160 points to close back above 10,000, but many ordinary investors have already sold their stocks. >> we've essentially reduced our equity exposure down to almost nothing. >> reporter: san francisco financial advisor ray meadows has been moving his clients into bonds. already this year, investors have pulled more than $33 billion out of mutual funds that invest in u.s
in a speech watched closely by wall street, federal reserve chairman ben bernanke said the fed is ready to take action if necessary. anthony mason is here now with more about that. anthony? >> reporter: erica, bernanke did not forecast another recession, but he did acknowledge the economy is slowing. at an economic conference in jackson hole, wyoming, the fed chairman said the recovery is on fragile footing. the economy, he said, remains vulnerable to unexpected developments. >>...
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Apr 17, 2010
04/10
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chairman bernanke, thank you. you have a very interesting job and it is fascinating because of the set of circumstances that our existing currently that you have to deal with. among all the things you have to deal with, the organization of the monetary policy of this country is a critical issue that has to be engaged in. one of the things that we are confronting is this huge national debt. it is important -- the unjustified invasion into iraq and what continues to be spent there which will hopefully be ended shortly. the tax reduction for the wealthiest people in this country which has not brought about the greatest concentration of wealth in the hands of 1% son of the population that we have seen since 1929 and the dramatic drop in the income of virtually everybody else across the country, almost all of the working people. and other things like the inability to negotiate the price of prescription drugs in the context of medicare which is jeopardized and the future of medicare. all of these things are critically i
chairman bernanke, thank you. you have a very interesting job and it is fascinating because of the set of circumstances that our existing currently that you have to deal with. among all the things you have to deal with, the organization of the monetary policy of this country is a critical issue that has to be engaged in. one of the things that we are confronting is this huge national debt. it is important -- the unjustified invasion into iraq and what continues to be spent there which will...
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Mar 11, 2010
03/10
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over the timeline, our rate would still be rising by early 2012 and as ben bernanke and henry paulson said, if dramatic action was not taken to break back the recession, the united states could spiral into another great depression. these are experts, these are economists, these are people who have distinction and recognition all around the world. and it's important that we recognize that we had to take swift action here. in the fourth quarter of 2009 the economy grew by almost 6%, 6%. job losses for the fourth quarter of 2009 were 1/7 of what they were when we took office, mr. speaker. the nonpartisan center for budget and policy priorities said that keeping the american recovery act, keeping more than six million americans out of poverty and reducing the severity of poverty for more than 33 million more. you can imagine what it would be like if we didn't enact a robust policy to extend unemployment benefits, to extend coverage for health care so folks could keep their health care during this time of great need? could you imagine if we didn't help our people, what kind of condition we
over the timeline, our rate would still be rising by early 2012 and as ben bernanke and henry paulson said, if dramatic action was not taken to break back the recession, the united states could spiral into another great depression. these are experts, these are economists, these are people who have distinction and recognition all around the world. and it's important that we recognize that we had to take swift action here. in the fourth quarter of 2009 the economy grew by almost 6%, 6%. job...
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ben bernanke says the only way to have saved it would be to break the law. that's where he stands on that. stocks not responding too much. we're practically trading around that flat line. markets really roared their way into september yesterday though with a big rally thanks to some positive manufacturing data. asian markets rose overnight, europe a bit lower. we got some economic data points i want to bring do you, first-time claims for jobless benefits, fell by 6,000 last week, slightly fewer than expected. u.s. worker productivity fell an 1.8% annual rate for the second quarter, more than the government had previously estimated and the biggest drop since the third quarter of '06. and according to the national association of realtors, pending home sales rose in june, actually expected to fall. the level does remain quite a bit below last year's level, however. the housing market still remains pretty weak. retailers are reporting mixed august sales today. a bit better than expected, though, because it was really feared that sales would come in quite soft. c
ben bernanke says the only way to have saved it would be to break the law. that's where he stands on that. stocks not responding too much. we're practically trading around that flat line. markets really roared their way into september yesterday though with a big rally thanks to some positive manufacturing data. asian markets rose overnight, europe a bit lower. we got some economic data points i want to bring do you, first-time claims for jobless benefits, fell by 6,000 last week, slightly fewer...
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the reserve is independent you know president obama can ask very politely but ben bernanke he doesn't have to do and why are we hearing him politely instead of just putting pressure on congress to pick which you argue isn't going to move you make a good point it's difficult right now you have the federal funds rate i think to point one in one thousand and two when we were covering from ninety three recovering from the early eighty's recession the federal funds rate was closer to eight percent. in terms of monetary policy we've we sort of use the ammunition we have it's very difficult without getting incredibly creative with working with longer term you know thirty thirty year interest rates. to to really have any pressure on monetary policy so basically the u.s. economy is caught between a rock and a hard place when it's sort of about policy and what the federal government can do i think we're stuck in a bog i think it's going to be tough sledding well it will be interesting to see how we get out of this fog and even more tellingly how the people that we're supposed to listen to our p
the reserve is independent you know president obama can ask very politely but ben bernanke he doesn't have to do and why are we hearing him politely instead of just putting pressure on congress to pick which you argue isn't going to move you make a good point it's difficult right now you have the federal funds rate i think to point one in one thousand and two when we were covering from ninety three recovering from the early eighty's recession the federal funds rate was closer to eight percent....
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Oct 15, 2010
10/10
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. >> new this this morning, ben bernanke will give more detail of government action to stimulate the economy. for other news before the bell, live at cnbc headquarters. >> good morning to you. futures are slightly lower this morning as the marks and investors await the key speech from ben bernanke. he speaks at a conference at 8 p.m. eastern time. investors will hang on his words and for clues on when they begin a new program to try to boost the economy. we are also listening for information on the plans to raise inflation forecasts. this could encourage businesses to spend money before prices go up. asian marks are mix and europe is a touch positive. reports on consumer prices and retail sales and consumer sentiment. we had earnings from ge beating by two cents per share. the dow will open trading at 11,094. the house is expected to vote on giving a $250 bonus payment to social security recipients to make up for a lack of a cost of living increase next year. the social security administration will make it official today. the bonus payments if passed would be stillular to a stimulus
. >> new this this morning, ben bernanke will give more detail of government action to stimulate the economy. for other news before the bell, live at cnbc headquarters. >> good morning to you. futures are slightly lower this morning as the marks and investors await the key speech from ben bernanke. he speaks at a conference at 8 p.m. eastern time. investors will hang on his words and for clues on when they begin a new program to try to boost the economy. we are also listening for...
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Mar 17, 2010
03/10
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bernanke's testimony follows the release of a 2,200-page document that links bernanke, and for that matter, and perhaps more importantly, the treasury secretary tim geithner to the accounting fraud that caused the lehman brothers bankruptcy. geithner, at the time that lehmann was perpetrating the fraud, was at head of the federal reserve at the time of the collapse. he appeared on "the rachel maddow show" last night. >> we did not do enough i am the first to admit we were very aggressive in new york. we made a lot of difference in new york but we could have gone further. >> here to mix it up, editorial writer for "the washington post." and editor for "the washington examiner." a pleasure to see both of you. what strikes me here, mark, is the requiet for more regulatory authority from an agency that clearly has already proven itself more interested in cultivating growth and it's more of a gardener than a regulator. more interested in promoting the growth of the industry than it is in regulating the industry. how do you see the federal reserve's relationship with our government right now? >>
bernanke's testimony follows the release of a 2,200-page document that links bernanke, and for that matter, and perhaps more importantly, the treasury secretary tim geithner to the accounting fraud that caused the lehman brothers bankruptcy. geithner, at the time that lehmann was perpetrating the fraud, was at head of the federal reserve at the time of the collapse. he appeared on "the rachel maddow show" last night. >> we did not do enough i am the first to admit we were very...
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Jun 8, 2010
06/10
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bernanke. they talked about the current economic situation and what the fed chairman sees happening in the future. the woodrow wilson international center posted this 50-minute event. >> david was president of the carnegie foundation. he is one of the great humanitarian ends in this country. there are several former colleagues that i want to introduce. andy ireland, congressman from florida and his wife nancy. [applause] i will test your knowledge of politics a little bit. we have a former vice presidential candidate. thank the right year was 1976. he was the vice president for ronald reagan when ronald reagan ran for the presidency, dick end clare schweitzer, would you stand up? [applause] he was the senator from pennsylvania and also secretary of hhs a few years back. we are heavily loaded with pennsylvanians. tom ridge is here tonight. we are delighted to have a governor here. [applause] the former secretary of the department of homeland security. i want to introduce two people who are very
bernanke. they talked about the current economic situation and what the fed chairman sees happening in the future. the woodrow wilson international center posted this 50-minute event. >> david was president of the carnegie foundation. he is one of the great humanitarian ends in this country. there are several former colleagues that i want to introduce. andy ireland, congressman from florida and his wife nancy. [applause] i will test your knowledge of politics a little bit. we have a...
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Feb 11, 2010
02/10
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but bernanke spelled that all out but still some uncertainty in the market. government offices closed for a four straight days today, that delayed reports of oil inventories and retailsales, pushing those to next week. but first-time claims for job else benefits fell by 43,000 last week to a total of 440,000. continuing claims also ll. >>> the congressional panel overseeing the $700 billion bank bailouts says a blizzard of commercial real estate defaults could bury hundreds of banks. vacancy rates at shopping malls and office parks are higher and rents are though forcing developers to default on their loans. the losses could reach $300 billion over the next three years hurting small and mid-size banks and drying up credit needed to spur the economic recovery, something we'll definitely watch as things unfold. back to you. >> thanks, hope you get home tonight. >> thank you. you, too! >>> well, the 2010 olympics games are just a day away. the eyes of the sports world shifts to vancouver where opening ceremonies take place tomorrow night. kristen dahlgren report
but bernanke spelled that all out but still some uncertainty in the market. government offices closed for a four straight days today, that delayed reports of oil inventories and retailsales, pushing those to next week. but first-time claims for job else benefits fell by 43,000 last week to a total of 440,000. continuing claims also ll. >>> the congressional panel overseeing the $700 billion bank bailouts says a blizzard of commercial real estate defaults could bury hundreds of banks....
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Feb 10, 2010
02/10
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breaking details of the bernanke exit plan just minutes away. the bull getting buried by snow down on wall street although the worst we are told will not hit new york until sometime this afternoon. and the bull is getting kind of snowed under by the bears as well. don't go away. host: could swito 15% or more on car insurance? host: does charlie daniels play a mean fiddle? ♪ fiddle music charlie:hat's how you do it son. vo: geico. 15 minutes could save you 15% or more on car insurance. >>> central park in february. at least -- no i'm not going to say that. anyway, once again if you're somewhere else in the country and thinking what's with these wimps in new york because it doesn't look that bad? the main force of this blizzard is expected to hit sometime this afternoon with heavy snow and 40-mile-per-hour winds. so this is just the prelude as it were. want to bring your attention to some stocks on the move. that means we go to tmatt nesto. >> dean foods is getting mugged. one new low in the s&p 500 and dean foods is it. the stock is down more t
breaking details of the bernanke exit plan just minutes away. the bull getting buried by snow down on wall street although the worst we are told will not hit new york until sometime this afternoon. and the bull is getting kind of snowed under by the bears as well. don't go away. host: could swito 15% or more on car insurance? host: does charlie daniels play a mean fiddle? ♪ fiddle music charlie:hat's how you do it son. vo: geico. 15 minutes could save you 15% or more on car insurance....
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Jan 24, 2010
01/10
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does bernanke bear any responsibility? >> if you take a very consistent and historic view of what the fed should do, it's supposed to fight inflation. that's its job. there is not much inflation. interest rates are so low. but at a certain point, they will have to raise interest rates. that is not going to help unemployment at all but the economy is going to have to heat up at a lot more. they have a fed meeting, it's taken a back seat to the vote, but there will be a fed meeting the last of the chairman's first term. in terms of unemployment, i don't know you can really pin blame for him on that. >> julie: brenda, great to see you. we'll see you back here next hour. >> gregg: the feds are cracking down on u.s. banks supposedly in an effort to protect you from hidden fees. once the new rules are in place sometime next month, banks may be looking to recoup that lost money. this and much more coming up in about three minutes. stick around. will everyone with constipation please report to gate 17? thank you so much. constipat
does bernanke bear any responsibility? >> if you take a very consistent and historic view of what the fed should do, it's supposed to fight inflation. that's its job. there is not much inflation. interest rates are so low. but at a certain point, they will have to raise interest rates. that is not going to help unemployment at all but the economy is going to have to heat up at a lot more. they have a fed meeting, it's taken a back seat to the vote, but there will be a fed meeting the last...
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Aug 28, 2010
08/10
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then, there's the option that bernanke spoke about on friday. buying up government debt and mortgage securities to spur more investments. >> it could have people saying, wait a second. the obama administration is running big budget deficits. it could leave investors, particularly foreign investors, a little concerned about the way the united states is running its finances. >> reporter: and, bianna, the president returns to work tomorrow. his public schedule is focused not only on the economy, however. but hurricane katrina, the fifth anniversary. he'll be heading to new orleans. bianna? >> jake, any reaction from the president to the comments made by ben bernanke yesterday? >> reporter: no reaction so far. the white house says they know that president obama has to discuss the economy some time this week. but it's a packed schedule. you have the katrina anniversary on sunday. on tuesday, a major address, on the withdrawal of u.s. combat troops from iraq. wednesday and thursday, middle east peace negotiations. so, even if the president does addres
then, there's the option that bernanke spoke about on friday. buying up government debt and mortgage securities to spur more investments. >> it could have people saying, wait a second. the obama administration is running big budget deficits. it could leave investors, particularly foreign investors, a little concerned about the way the united states is running its finances. >> reporter: and, bianna, the president returns to work tomorrow. his public schedule is focused not only on...
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Jan 21, 2010
01/10
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MSNBC
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we're familiar with bernanke. we know geithner and how he basically resists the disclosure on aig and was at the new york fed when they were giving away 100 cents on the dollar. >> larry summers is sort of like the brain boat of this failed economic policy. and that's his whole career. he's like the genghis khan of the whole system. after two years of his economic advice, the country's economy lapsed so much that the suicide rate rose to the highest in the world. they voted back in the communists. >> how about when he was at harvard? >> of course, harvard's practically bankrupt right now. >> was he doing credit default swaps? >> he forced them to even use their operating money, you know, to use that, and plays bets with that sort of money as well. the guy has left destruction everywhere he went. of course, russia was his biggest failure. i was in russia when he basically ran the economy out of the white house. under clinton. and he actually even wrote decrees that yeltsin signed and became law in russia. and we al
we're familiar with bernanke. we know geithner and how he basically resists the disclosure on aig and was at the new york fed when they were giving away 100 cents on the dollar. >> larry summers is sort of like the brain boat of this failed economic policy. and that's his whole career. he's like the genghis khan of the whole system. after two years of his economic advice, the country's economy lapsed so much that the suicide rate rose to the highest in the world. they voted back in the...
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Jul 17, 2010
07/10
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please join me in welcoming ben bernanke. [applause] >> thank you and good morning. let me begin by thanking the staff of the division of consumer and community affairs -- community affairs. for the hard work they have done to prepare for the discussion today to approve credit for some small businesses. thanks also to the many partners to help those organize today's event, particularly the small business administration and the treasury's community development solutions fund. i am pleased to welcome you all to the federal reserve board. this gathering addressing the financing needs of small business serves as a capstone for a series of more than 40 meetings conducted across the country starting in february organized by the federal reserve system community affairs office. these meetings provide forums for small-business owners, trade associations, lenders, bank supervisors, federal, state, and local officials, and other stakeholders to exchange ideas about the challenges facing small businesses both in the short run and the longer term. some of these meetings were smal
please join me in welcoming ben bernanke. [applause] >> thank you and good morning. let me begin by thanking the staff of the division of consumer and community affairs -- community affairs. for the hard work they have done to prepare for the discussion today to approve credit for some small businesses. thanks also to the many partners to help those organize today's event, particularly the small business administration and the treasury's community development solutions fund. i am pleased...
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Jul 22, 2010
07/10
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. -- fed chief ben bernanke heads back to the hill yesterday. his remarks to the senate yesterday as strong reaction from the market. >> even as the federal reserve continues prudent planning, the ultimate withdrawal of extraordinary monetary policy accommodation, the outlook remains unusually uncertain. we will continue to carefully assess on going developments and we remain prepared to take further policy actions as needed to foster a return to full utilization of our nation's productive potential in the context of price stability. host: the fed chief says the economic outlook is unusually uncertain. that is what we want to talk about with you this morning. he also said the unemployment rate will likely stay high, and double digits, for the foreseeable future. we would like to talk to you about his assessment of the state of the economy this morning, and here are the phone numbers -- we would like to talk to you about the economy especially in light of the fed chief assessment. really interesting looking at the newspapers and the various headl
. -- fed chief ben bernanke heads back to the hill yesterday. his remarks to the senate yesterday as strong reaction from the market. >> even as the federal reserve continues prudent planning, the ultimate withdrawal of extraordinary monetary policy accommodation, the outlook remains unusually uncertain. we will continue to carefully assess on going developments and we remain prepared to take further policy actions as needed to foster a return to full utilization of our nation's...
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for any piece of positive news looked on bright side of somewhat encouraging words from fed chief ben bernanke. the current climate won't, quote, feel terrific for a while, but the good news, big ben does not see the u.s. headed for a double-dip recession. more from the fed today. the central bank releases its quarterly beige book report for a snapshot of the neigh's economy. >>> on the street, mining stocks surged after gold hit a record-high. meanwhile at&t, bank of america, and proctor and gamble gave the dow a boost. oil drillers fell on fears an offshore drilling ban could be in place longer than six months. transocean and bp shed nearly 6%. >>> general motors is recalling 1.5 million vehicles over faulty washer fluid systems that could spark a fire. owners will get $100 from dealers to make up for the lost feature once it's removed. >>> meanwhile some good news. gm plans to keep open about 900 dealerships previously slated to close. >>> mcdonald's is serious about its recall of cadmium-tainted shrek cups. customers h will receive $3 for every cup returned. no receipt necessary. >>> on th
for any piece of positive news looked on bright side of somewhat encouraging words from fed chief ben bernanke. the current climate won't, quote, feel terrific for a while, but the good news, big ben does not see the u.s. headed for a double-dip recession. more from the fed today. the central bank releases its quarterly beige book report for a snapshot of the neigh's economy. >>> on the street, mining stocks surged after gold hit a record-high. meanwhile at&t, bank of america, and...
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Jun 8, 2010
06/10
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bernanke. his responsibilities taken from the capitals of europe to the great wall of china, from wyoming to many places, it illustrating the interconnectedness of the 21st century global economy. prior to his government history, he was a professor of economics and public affairs at princeton university, serving as chair of the economic department from 1996-2002. he began his academic career at stanford business school before writing at princeton in 1985. received a b.a. in economics in 1975 from harvard university, summa cum laude, and a ph.d. from massachusetts institute of technology. he and his wife have two children to report in georgia, he grew up in south carolina. the format tonight is not for a speech by dr. bernanke, he and sam donaldson will provide the program. sam will interview the chairman. i would ask the two of them to come forward now and after the interview we will ask questions from the audience. salmon chairman bernanke. -- sam and chairman bernanke. [inaudible] >> hello. i
bernanke. his responsibilities taken from the capitals of europe to the great wall of china, from wyoming to many places, it illustrating the interconnectedness of the 21st century global economy. prior to his government history, he was a professor of economics and public affairs at princeton university, serving as chair of the economic department from 1996-2002. he began his academic career at stanford business school before writing at princeton in 1985. received a b.a. in economics in 1975...
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Aug 28, 2010
08/10
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WJLA
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then, there's the option that bernanke spoke about on friday. buying up government debt and mortgage securities to spur investments. >> people could say wait a second. the obama administration is running big budget deficits. it could leave investors, particularly foreign investors, concerned about the way the united states is running its finances. >> reporter: and, bianna, the president is back to work tomorrow. but his public focus will not be the economy. it will be the fifth anniversary of hurricane katrina, as he travels to new orleans. bianna? >> jake, any reaction from the president there to the comments made from fed chief bernanke yesterday? >> reporter: no. none at all. and though the white house has told me they know president obama needs to publicly get out there some time next week and talk about the economy, it is a packed schedule, with the katrina anniversary, a major address about iraq on tuesday night. and then, the middle east peace process on wednesday and thursday. so, even if he does say something about the economy, and they
then, there's the option that bernanke spoke about on friday. buying up government debt and mortgage securities to spur investments. >> people could say wait a second. the obama administration is running big budget deficits. it could leave investors, particularly foreign investors, concerned about the way the united states is running its finances. >> reporter: and, bianna, the president is back to work tomorrow. but his public focus will not be the economy. it will be the fifth...
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we've had federal reserve chairman ben bernanke today telling state legislators we still have a long way to go before the economy fully recovers. his first public comments since friday's news that the pace of overall economic growth slowed in the last quarter. housing and jobs continue to be the biggest drag on the economy, but many say they're facing their own budget woe. bernanke also telling that group the fed must not tighten interest rate policy too quickly, not until there are more signs of sustained job growth. of course the most important economic news of the week comes on friday when we get the latest report on jobs from the labor department. also today treasury secretary tim geithner is in new york. he says the obama administration will move quickly to implement new financial legislation while eliminating those that are outdated. geithner will have a lot more to say about that this afternoon when he gives a speech on financial regulatory reform, the biggest since the great depression, to new york university business news crowd. barbara? >> okay, hanson. have a great day. >>
we've had federal reserve chairman ben bernanke today telling state legislators we still have a long way to go before the economy fully recovers. his first public comments since friday's news that the pace of overall economic growth slowed in the last quarter. housing and jobs continue to be the biggest drag on the economy, but many say they're facing their own budget woe. bernanke also telling that group the fed must not tighten interest rate policy too quickly, not until there are more signs...
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Jan 25, 2010
01/10
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bernanke's term expires one week from today. so far 32 senators say they will vote yes, but 17 others are saying no, and there are a lot of holdouts on both sides of the aisle. despite growing opposition in congress, though, it appears the senate will confirm bernanke for a second four-year term. he's getting mixed reviews on the hill, but what about on wall street? let's talk about it with fox business contributor and founder of pit bug economics.com mike norman. mike, what about it? bernanke, the white house seems to be behind him even though he is an infeint player. >> well, the white house is behind him, and it's kind of odd, jon, because this is sort of -- i mean, we could say that bernanke was very positive for wall street. but for main street the jury is still out, and i think most people, most ordinary folks, working folks would see this as a continuation of the status quo. yet obama is behind reconfirmation of bernanke. jon: the argument at the white house if you replace a federal reserve chairman, all of a sudden peopl
bernanke's term expires one week from today. so far 32 senators say they will vote yes, but 17 others are saying no, and there are a lot of holdouts on both sides of the aisle. despite growing opposition in congress, though, it appears the senate will confirm bernanke for a second four-year term. he's getting mixed reviews on the hill, but what about on wall street? let's talk about it with fox business contributor and founder of pit bug economics.com mike norman. mike, what about it? bernanke,...
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Dec 6, 2010
12/10
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KTVU
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in a tv interview over the weekend, bernanke said the program is meant to keep interest lates low and promote job growth. >>> the former commander of nato is adding his voice to the don't ask don't tell policy. he says troops just want to do their job without concern over sexual orientation. >> when they are in combat together they pull together on a task, they work together for a common culture. i think that's what is overriding in this case. >> it's still not clear if congress will vote on repealing the don't ask don't tell policy. >>> the founder of wikileaks even if he is arrested or his website shut down files will still be released. all he has to do is release the password to that material and they will post it. critics say there is nothing commendable about what wikileaks was doing. >> i was very much involved when the pentagon papers came out. this has no relationship to something like that. this is wirism. this is an act by someone that wants attention that is not repealing a truth about a government lying or policy that has been misled. >> since amazon stopped supporting it
in a tv interview over the weekend, bernanke said the program is meant to keep interest lates low and promote job growth. >>> the former commander of nato is adding his voice to the don't ask don't tell policy. he says troops just want to do their job without concern over sexual orientation. >> when they are in combat together they pull together on a task, they work together for a common culture. i think that's what is overriding in this case. >> it's still not clear if...
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Mar 25, 2010
03/10
by
WRC
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so far the marks are liking what bernanke is saying. bank of america is giving some of its most troubled homeowners relief from the threat of foreclosure. the biggest mortgage lender will forgive up to 30% of the balance of some borrowers' loans. to qualify, you must have missed at least two months of payments and owe at least 20% more than your home is currently worth. the move could pressure other banks to also forgive principal on loans in danger of failing. and a panel of judges in san diego will consider today whether to consolidate more than 80 class action lawsuits against toyota into just one national case. the suits are sensational, those involving hurt or killed when the vehicles allegedly sped out of control. but they could be more damaging financially. toyota could lose billions if it's forced to pay drivers from complaints ranging from the diminished value of the vehicle to people behind the wheel of a car they think is defective. that decision should come out sometime this afternoon if they're able to make a decision today
so far the marks are liking what bernanke is saying. bank of america is giving some of its most troubled homeowners relief from the threat of foreclosure. the biggest mortgage lender will forgive up to 30% of the balance of some borrowers' loans. to qualify, you must have missed at least two months of payments and owe at least 20% more than your home is currently worth. the move could pressure other banks to also forgive principal on loans in danger of failing. and a panel of judges in san...
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159
Oct 5, 2010
10/10
by
WTTG
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bernanke's old message. eventually, congress has to deal with these long-term issues but not today. >> speaking of the government dealing with issues, the justice department filed a lawsuit against three of the big credit cards talking about master card, visa and american express saying you know what? you are not playing fair when it comes to dealing with your customers. master card and visa said okay being maybe we can work something out. american express is standing tough. >> they're going to fight it. this has to do with the fees that are charged to the retailer to accept your credit card. in some cases, they are paying 4%. say had a dollar transaction, they are paying master card and crease vees aand american express just for the privilege of swiping card on your behalf. there are cheaper ways to do it. lawsuit alleges that master card, visa and american express don't allow the retailer to give you a discount to avoid the fees. master card and visa have settled with the justice department. american expre
bernanke's old message. eventually, congress has to deal with these long-term issues but not today. >> speaking of the government dealing with issues, the justice department filed a lawsuit against three of the big credit cards talking about master card, visa and american express saying you know what? you are not playing fair when it comes to dealing with your customers. master card and visa said okay being maybe we can work something out. american express is standing tough. >>...